Pinnacle earns $6 million in second quarter

Pinnacle Airlines Corp. returned to profit in the second quarter, reporting a $6 million surplus compared to a $12.9 million loss in the year-ago period. The company is the parent of both Pinnacle Airlines and Colgan Air and flies for Delta Air Lines, Continental Airlines, United Airlines and US Airways. Second-quarter revenue dropped 4.5% year-over-year to $211.3 million as Pinnacle's block hr. declined 5% and Colgan's were down 15%. Expenses fell 13.5% to $189.1 million and operating ...